Qatar Central Bank's Assets Rise 19 percent

  • Doha, Qatar
  • 8 March 2019
1

The total assets of Qatar’s Central Bank increased by 19 percent year-on-year to QAR 227.7 billion in January, while it declined by 2.3 percent on a monthly basis.

Qatar's central bank January bulletin showed a 25.5 percent drop in the central bank balances with local banks to 76 billion riyals on a year-on-year basis, compared to a rise of 28 percent to 57.5 billion riyals of the foreign banks.

The bonds and foreign-currency bills rose 210 percent to 45.3 billion riyals in January, while Qatar's central bank reserves of gold rose to about 5.8 billion riyals, up 39 percent from January 2018.

Source (CNBC Arabic Website, Edited)

 

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW